Text: S03083 Text: S03085 Text: S03000 - S03099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 160 as follows: 1 2 #1. Page 1, by inserting before line 1 the 1 3 following: 1 4 "Section 1. NEW SECTION. 16.26A INTEREST ON 1 5 BONDS AND NOTES EXEMPT FROM STATE INCOME TAX. 1 6 Interest on bonds and notes issued by the authority 1 7 under this chapter shall not be included in the 1 8 calculation of taxable income for purposes of the Iowa 1 9 individual or corporate income tax." 1 10 #2. Page 1, by inserting after line 24 the 1 11 following: 1 12 "5. The exemption of bonds and notes from Iowa 1 13 income tax would be advantageous to the availability 1 14 of capital for housing and other infrastructure 1 15 investments." 1 16 #3. Page 4, by inserting after line 1 the 1 17 following: 1 18 "Notwithstanding any other provision of law, 1 19 interest earned on all other bonds and notes issued in 1 20 this state is exempt from state income tax." 1 21 #4. Page 9, by inserting after line 7 the 1 22 following: 1 23 "Sec. . Section 1 of this Act takes effect July 1 24 1, 1995, and applies to interest income received from 1 25 bonds and notes issued under chapter 16 on or after 1 26 July 1, 1995." 1 27 #5. By renumbering as necessary. 1 28 1 29 1 30 1 31 MERLIN E. BARTZ 1 32 SF 160.503 76 1 33 mk/jw
Text: S03083 Text: S03085 Text: S03000 - S03099 Text: S Index Bills and Amendments: General Index Bill History: General Index
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